Thursday, January 18, 2018

Dividend Increase – ONEOK, Inc. (OKE)




Yesterday The board of directors of ONEOK, Inc. announced a quarterly dividend increase of from $ 0.745 to $ 0.77 per share that’s payable February 14, 2018 to holders of record February 1, 2018. This represents a 3.36% increase to regular monthly dividends. With current price $ 59.25 (today's open), this raise brings their dividend yield to 5.20%.

ONEOK expects approximately 90 to 95 percent of this dividend to be a return of capital. Additional information regarding return of capital distributions is available at ONEOK's investor relations website, ir.oneok.com, under Stock Information. 



As previously announced, ONEOK expects annual dividend growth of approximately 9 to 11 percent through 2021.  

ONEOK has increased its dividend by 25 percent since the close of the ONEOK and ONEOK Partners merger transaction in June 2017.

Since I own 50 shares of OKE this will increase my yearly net dividends by $ 3.73.

That increase rises my YOC to 7.89%




Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long OKE

Thanks for stopping by!

4 comments:

  1. Albiet small - congrats on the increase!

    -TDM

    ReplyDelete
  2. Can't complain about a growing dividend! Especially if they can achieve that expected 9% - 11% annual growth!

    ReplyDelete